Brookfield Asset Management (NYSE:BAM) Issues Earnings Results

by · The Cerbat Gem

Brookfield Asset Management (NYSE:BAM – Get Free Report) (TSE:BAM.A) issued its earnings results on Friday. The financial services provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01, Zacks reports. Brookfield Asset Management had a return on equity of 29.81% and a net margin of 51.59%.

Here are the key takeaways from Brookfield Asset Management’s conference call:

  • Record fundraising and strong quarterly performance — Q1 fee-related earnings rose 11% to $772M, distributable earnings were $702M, the firm raised $21B in the quarter (YTD $67B) and says 2026 will be its largest fundraising year ever.
  • Oaktree integration to bolster credit franchise — the acquisition is expected to close in Q2, creating a combined opportunistic credit platform with dry powder and the ability to deploy into distressed windows (management says capability can reach the tens of billions if needed).
  • Tailwind from AI and real assets — Brookfield emphasizes advantaged exposure to AI infrastructure (data centers, power, fiber) and other essential real assets, which management says is driving client demand and fundraising for infrastructure and energy strategies.
  • Capital allocation and liquidity flexibility — management has repurchased nearly $800M of stock over seven months, issued $1B of notes opportunistically, and ended the quarter with $2.5B of corporate liquidity to support growth and buybacks.
  • Margin and reporting changes — consolidation of Oaktree and more transparent inclusion of partner managers will lower reported consolidated margins near-term (Oaktree and some partners have lower margins), though management says underlying economics and long-term operating leverage remain intact.

Brookfield Asset Management Stock Up 1.9%

Brookfield Asset Management stock traded up $0.92 during mid-day trading on Friday, reaching $49.71. The stock had a trading volume of 5,983,900 shares, compared to its average volume of 3,655,272. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.92 and a current ratio of 0.92. Brookfield Asset Management has a fifty-two week low of $42.20 and a fifty-two week high of $64.10. The stock’s 50-day simple moving average is $45.90 and its 200-day simple moving average is $50.13. The firm has a market capitalization of $81.44 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 2.00 and a beta of 1.28.

Brookfield Asset Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be paid a $0.5025 dividend. This represents a $2.01 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, May 29th. Brookfield Asset Management’s dividend payout ratio (DPR) is 132.24%.

Institutional Investors Weigh In On Brookfield Asset Management

A number of hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley grew its stake in Brookfield Asset Management by 10.6% in the fourth quarter. Morgan Stanley now owns 3,944,483 shares of the financial services provider’s stock valued at $206,652,000 after acquiring an additional 379,576 shares during the period. State Street Corp grew its stake in Brookfield Asset Management by 1.7% in the fourth quarter. State Street Corp now owns 3,690,018 shares of the financial services provider’s stock valued at $193,320,000 after acquiring an additional 60,331 shares during the period. GFI Investment Counsel Ltd. purchased a new position in shares of Brookfield Asset Management during the fourth quarter valued at approximately $182,090,000. Bank of America Corp DE boosted its position in shares of Brookfield Asset Management by 6.9% during the third quarter. Bank of America Corp DE now owns 3,173,231 shares of the financial services provider’s stock valued at $180,684,000 after buying an additional 204,575 shares during the last quarter. Finally, Bank of Nova Scotia boosted its position in shares of Brookfield Asset Management by 32.7% during the fourth quarter. Bank of Nova Scotia now owns 3,027,043 shares of the financial services provider’s stock valued at $158,573,000 after buying an additional 746,355 shares during the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BAM. JPMorgan Chase & Co. lowered their target price on Brookfield Asset Management from $72.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday. Zacks Research downgraded Brookfield Asset Management from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Wall Street Zen upgraded Brookfield Asset Management from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Piper Sandler lowered their target price on Brookfield Asset Management from $53.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Finally, Weiss Ratings upgraded Brookfield Asset Management from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $61.06.

View Our Latest Stock Analysis on Brookfield Asset Management

Key Brookfield Asset Management News

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Brookfield Asset Management Company Profile

(Get Free Report)

Brookfield Asset Management is a global alternative asset manager headquartered in Toronto, Canada, that specializes in investments in real assets and related private equity and credit strategies. The firm acquires, manages and develops assets in sectors such as real estate, renewable power, infrastructure and private equity, seeking long-term value through active asset management and operational improvements. Brookfield structures and manages commingled funds, listed partnerships and separate accounts for institutional and retail investors.

The company’s products and services include fund management across equity and debt strategies, direct asset ownership and operations, property and facilities management, and capital markets solutions.

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